Senior Commercial Underwriting Manager, CFG

Join a ChallengerBeing a traditional bank just isn't our thing.
We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what's possible in banking.
Our team is made up of inquisitive and agile minds that find smarter ways of doing things.
If you're not afraid of taking on big challenges and redefining the future, you belong with us.
You'll get to work with people who will encourage you to reach new heights.
We like to keep things fun, ask questions and learn together.We are a big (and growing!) family.
Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years.
Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members.
Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives.
Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.The WorkAs part of a growing and dynamic commercial team, the Senior Commercial Mortgage Underwriter is responsible for the underwriting of construction and conventional commercial loans.
The Senior Underwriter must adhere to established policies and underwriting standards, meeting compliance and control requirements, while finding creative solutions in a timely manner in order to achieve service goals as well as annual volume targets.
Additional credit-related and administrative duties are also required such as reporting and pipeline management as well as networking with external business partners along with various staff within the Commercial department & other internal departments.
The position will be located in Toronto.The core parts of your role would be to:
60% on a daily basis, the incumbent will analyze and underwrite commercial credit facilities together with additional credit related and administrative duties, for all mortgage product types.
Construction and conventional loans range in size from $2.5 million up to $50.0 million.
Attention must be made to ensure that compliance with the company's established lending guidelines and procedures are followed with recommendations submitted for approval to management.
The incumbent is responsible to ensure all lending criteria have been satisfied on deals underwritten and outstanding documentation/conditions, if any, are being met in a timely manner.
20% on a daily basis, the incumbent will communicate with external contacts (origination partners) and internal contacts (funders, managers, administrators, and commercial mortgage sales staff) to ensure transactions are processed in a timely and efficient manner in order to deliver superior customer service and funding deadlines10% on a daily basis, the incumbent is responsible for time management of their deal flow in order to meet prescribed deadlines10% on a monthly basis, the incumbent will be responsible for various administrative and reporting duties required for the department/Company which will be relied upon by Senior ManagementLet's Talk About You!Proficient underwriting skills preferably with a minimum 5 years commercial mortgage experienceDemonstrated service excellence within their fieldPost-secondary education (diploma/degree) preferred , preferably in business or financeGood working knowledge of MS Office (primarily word and excel)Effective analytical and problem solving skillsStrong business sense combined with sound technical knowledge of secured lending and factors affecting the commercial mortgage marketEstablished organizational skillsAbility to handle multiple competing prioritiesGood time management skillsExcellent communication skills, both oral and writtenAbility and desire to attend industry-related events as requiredJob Complexities/Thinking ChallengesThe position requires the incumbent to be a self-starter and make sound underwriting decisions as efficiently as possible.
Commercial mortgage applications can be complex in nature, requiring creative and innovative thinking and proactive problem solving.
The incumbent is required to follow corporate policies, procedures and regulatory requirements in order to work through files and rationalize the recommendations or decisions made.
In some cases, viability is assessed with limited access to information or documentationWhat we offer (For full-time permanent roles) Competitive discretionary bonus✨ Market leading RRSP match program